Insider Sells $70,000.00 Trevali Mining Corp. Shares

Insider Sells $70,000.00 Trevali Mining Corp Shares

On Thursday, September 28th, Anna Man-Yue Ladd, a Trevali Mining Corp. (TSXV:TV)  insider, sold 50,000 shares of stock in the mining company. The shares sold for a total value of C$70,000.00 at an average price of C$1.40 per share. Ladd also sold 100,000 shares of stock on September 1st, for an average price of C$1.51 and a total value of C$151,000.00.

Trevali Mining Corp is a Canadian natural resource company that is engaged in the acquisition, exploration, development and production of mineral properties. The company operates in four properties in Canada, a property in Peru, and an option on a second property in Peru.

On Friday, shares of Trevali Mining Corp reached $1.41, trading down 0.70% on a trading volume of 1,619,441 shares. The company has a market cap of $569.84 million. They have 50 and 200 day moving averages of $1.39 and $1.26, respectively. The company has a current 52 week high of $1.60 and a 52 week low of $0.91. Their price-to-earnings ratio if 48.62.

Multiple brokerages recently weighed in on the stock as well:

  • TD Securities: On June 2nd, TD Securities began covering the stock with a rating of ‘Buy’ and a target price of C$1.90.
  • Raymond James Financial, Inc (NYSE:$RJF) : On September 12th, Raymond James Financial gave the company an ‘Outperform’ rating and increased their target price from C$1.80 to C$2.00.
  • Scotiabank: On September 12th, Scotiabank restated an ‘Outperform’ rating and set a target price of C$2.00.
  • BMO Capital Markets: On September 14th, BMO Capital Markets gave the stock an ‘Outperform’ rating and increased their target price from C$2.00 to C$2.10.

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